Ben Sutherland Sells 186 Shares of Power Integrations Inc. (POWI) Stock
Power Integrations Inc. (NASDAQ:POWI) VP Ben Sutherland sold 186 shares of Power Integrations stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $65.75, for a total value of $12,229.50. Following the transaction, the vice president now directly owns 21,401 shares in the company, valued at approximately $1,407,115.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ben Sutherland also recently made the following trade(s):
- On Friday, September 30th, Ben Sutherland sold 4,848 shares of Power Integrations stock. The stock was sold at an average price of $62.50, for a total value of $303,000.00.
Power Integrations Inc. (NASDAQ:POWI) traded up 0.83% during mid-day trading on Friday, hitting $66.95. The company had a trading volume of 24,988 shares. The firm has a market cap of $1.95 billion, a P/E ratio of 42.05 and a beta of 1.03. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $67.15. The stock’s 50 day moving average price is $63.59 and its 200 day moving average price is $56.30.
Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, October 27th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.10. The business earned $103.79 million during the quarter, compared to analysts’ expectations of $99 million. Power Integrations had a return on equity of 11.90% and a net margin of 12.57%. Power Integrations’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Power Integrations Inc. will post $2.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. Power Integrations’s dividend payout ratio is 32.50%.
Several research firms have commented on POWI. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price (up previously from $63.00) on shares of Power Integrations in a report on Thursday, October 13th. Finally, Deutsche Bank AG boosted their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.25.
Several hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in Power Integrations by 3.2% in the second quarter. Prudential Financial Inc. now owns 71,599 shares of the company’s stock valued at $3,585,000 after buying an additional 2,230 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock valued at $34,954,000 after buying an additional 3,556 shares in the last quarter. Bank of Montreal Can purchased a new stake in Power Integrations during the second quarter valued at about $175,000. BlackRock Group LTD raised its stake in Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock valued at $2,094,000 after buying an additional 9,686 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock valued at $106,000 after buying an additional 1,192 shares in the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.
About Power Integrations
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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